Solar markets set to surge
Rising concerns about the need to reduce CO2 emissions and increase the use of renewable energy sources worldwide could stimulate the global photovoltaic market according to a report by Frost & Sullivan.
The report states feed-in tariffs and politically backed targets boosting renewable energy use will provide further impetus to the photovoltaic market. This, in turn, could have a positive ripple effect on the demand for photovoltaic materials.
Despite turmoil in the global economy, the photovoltaic materials markets experienced only a temporary slide in demand in 2009, with the overall outlook remaining optimistic.
The report, titled Strategic Analysis of the Global Photovoltaic Materials Markets, finds that the relevant markets generated revenues of US$1.34bn in 2009 and estimates this to reach $1.60bn in 2010. The study covers the following application sectors: encapsulants, frontsheet, backsheet and anti-reflection coating.
The research also includes the following product types: EVA, PVB, silicones and ionomers as encapsulants; low-iron, patterned and coated glasses and polymers including PVDF, PVF and ECTFE as frontsheet materials; PVDF, PET, PVF, EPDM, EVA and glass as backsheet materials; and elemental oxides as anti-reflection coatings.